Zhong Xiaofeng (center), chief executive of Amundi Hong Kong Limited and North Asia (ex-Japan), said the firm's first ETF in the city is helping investors diversify the risks of betting too much on Chinese stocks. Photo: HKEJ

The ETF is aimed at helping investors diversify the risks associated with betting too much on Chinese stocks, said Zhong Xiaofeng, chief executive of Amundi Hong Kong Limited and North Asia (ex-Japan).

Amundi, which has issued 100 ETFs in Europe, is expecting an average annual growth rate of 15.2 percent in the global asset size of passive investments such as ETFs and Smart Beta products by 2020.

The asset size of ETFs in Asia has already expanded threefold over the past five years, the company said.

Locally, Amundi said an initiative by the city’s pension authority to lower management fees in the market will give rise to higher demand for ETFs.

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